Greatland Resources Limited (AIM/ASX: GGP) has disclosed share sales by two members of its board, with both directors continuing to hold substantial equity positions in the company following the transactions.
Non-executive deputy chair Elizabeth Gaines and non-executive director Michael Alexander Borrelli, both Persons Discharging Managerial Responsibilities, notified the company of sales of ordinary shares.
Following the transaction, Gaines continues to hold 537,373 Greatland shares, which the company valued at approximately A$5.96 million based on the ASX closing price of A$11.10 on 2 September 2026.
Borrelli retains 1,243,289 shares, valued by Greatland at approximately £7.47 million using the AIM closing price of £6.01 on 1 September 2026.
The company said the dealing notifications were made in accordance with the requirements of the UK Market Abuse Regulation.
Greatland did not provide further commentary in the announcement on the reasons for the disposals.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
1. Elizabeth Gaines 2. Michael Alexander Borrelli |
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2 |
Reason for the notification |
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a) |
Position / status |
1. Non-Executive Deputy Chair 2. Non-Executive Director |
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b) |
Initial notification / Amendment |
Initial Notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Greatland Resources Limited |
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b) |
LEI |
213800KQI75ZGE53GX44 |
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a)
b) |
Description of the financial instrument, type of instrument |
Fully Paid Ordinary Shares |
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Identification code |
AU0000397705 |
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c) |
Nature of the transaction |
Disposal of Ordinary Shares |
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d) |
Currency |
1. AUD – Australian Dollar 2. GBP – Great Britain Pound |
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e) |
Price(s) and volume(s) 1. Elizabeth Gaines
2. Michael Alexander Borrelli
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f)
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Aggregated information Volume Price |
1. Disposal of 285,012 Ordinary Shares at an average price of A$13.026 2. Disposal of 526,880 Ordinary Shares at an average price of £7.000304 |
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g) |
Date of the transaction |
See dates in e) above. |
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h) |
Place of the transaction |
Outside a trading venue. |
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Contact
For further information, please contact:
Greatland Resources Limited
Shaun Day, Managing Director | Andrew Bowler, Head of Investor Relations
